M+ Market Wrap - 13 Nov 24
FBM KLCI: 1,611.50 pts (+3.07pts, +0.19%)
The FBMKLCI (+0.19%) rebounded, as the index was lifted by buying pressure in selected Banking stocks, namely PBBANK (+3.0 sen) and HLBANK (+7.0 sen), despite weaker overnight performance on Wall Street ahead of the CPI and PPI data releases. However, market breadth was negative, with 566 losers compared to 435 gainers. On the broader market, the Utilities sector (+1.02%) was the best-performing sector, led by TENAGA (+30.0 sen) and YTLPOWR (+5.0 sen), while the Plantation sector (-2.03%) declined as CPO prices retraced below the RM5,000 level.
Top 3 Active stocks:
LWSABAH (5328): RM0.940 (+29.0 sen)
MPIRE (7943): RM0.210 (-0.5 sen)
JPG (5323): RM1.250 (-20.0 sen)
Volume: 2.83 bn (100-bar avg vol: 3.71 bn)
Value: RM2.22 bn (100-bar avg val: RM3.23 bn)
Market Breadth: ⬆️435 ⬇️566
Crude palm oil: RM4,960 (-RM66)
Dow Futures: 43,950 pts (-124 pts)
**Source: Bloomberg, M+ **
Disclaimer
The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.
The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.